Published on 6/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.01 million autocallable accelerated barrier notes on three indexes
New York, June 27 – JPMorgan Chase Financial Co. LLC priced $1.01 million of 0% autocallable accelerated barrier notes due June 25, 2026 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on June 25, 2024 at a premium of 10% if the worst performing index closes at or above of its initial value.
If the worst performing index gains, the payout at maturity will be par plus 171% of that index’s return.
Investors will receive par if the worst performing index declines but ends at or above its 50% barrier and lose 1% for every 1% that the worst performing index declines if it finishes below the barrier level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Autocallable accelerated barrier notes
|
Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
Amount: | $1,012,000
|
Maturity: | June 25, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 171% of that index’s return; if worst performing index declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
Call: | Automatically on June 25, 2024 at a premium of 10% if the worst performing index closes at or above of its initial value
|
Initial level: | 15,070.15 for Nasdaq-100, 1,866.699 for Russell 2000, 4,388.71 for S&P 500
|
Upside leverage: | 171%
|
Downside threshold: | 7,535.075 for Nasdaq-100, 933.3495 for Russell 2000, 2,194.355 for S&P 500, 50% of initial level
|
Pricing date: | June 20
|
Settlement date: | June 23
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2.95%
|
Cusip: | 48133XQC3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.